Ron Burkle is certainly an activist investor and stockholder of Barnes & Noble, Inc. (BN). In September 2010, through his company, The Yucaipa Companies (Yucaipa), Burkle filed a "Definitive Proxy" to challenge BN's slate of board-of-director nominees within the approaching stockholder meeting. The proxy is created consequently of the ruling against Yucaipa with the Delaware Chancery Court concerning a suit that challenged Barnes and Noble's poison-pill provision, which prevented outsiders becoming majority stockholders. Burkle couldn't accept BN's founder, chairman and who is the owner of most stake within the organization, Leonard Riggio, concerning BN's extended-term strategy. While Burkle wanted the business to cede ground to Amazon . com . com inside the digital visitors marketplace and rather concentrate on BN's physical stores, Riggio thought the Nook eReader medicine center piece in the company's strategy. Riggio required to respond to the Yucaipa proxy inside the short-term and develop an plan of action to retain control of the business over time.
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